Paraguay as your Plan B
In uncertain times, the desire for stability, security and personal freedom grows. Economic pressure, political uncertainty and increasing regulation in Europe are leading more and more people to actively look for a second home. Paraguay has established itself as one of the most attractive options in South America in this context.
A Plan B does not mean giving up your home country. It means having a second option – a structured alternative for when it becomes necessary or you simply want more freedom. ParaguayJoker supports people who want to take exactly this step – in an organised way, safely and with professional support from start to finish.
Why Paraguay?
Paraguay offers a combination of advantages that few other countries offer in the same way:
- Political stability: Paraguay has been a functioning democracy for decades with stable institutions and predictable framework conditions. There are regular, free elections, an independent judiciary and a free press. The country has not experienced expropriation policies, revolutionary changes of government or serious restrictions on property rights – in clear contrast to some neighbouring countries in the region.
- Tax freedom: The country taxes only income earned domestically. Foreign-source income remains tax-free in Paraguay. The territorial tax system is one of the central reasons why internationally active entrepreneurs and asset holders find Paraguay attractive.
- Travel in South America: With the Paraguayan Cedula you can travel in much of South America – in many neighbouring countries the Cedula is accepted as an identity and travel document, so you can travel within the region without a passport. For travel outside South America your passport still applies. In the long term, after several years of residency, Paraguayan citizenship can be applied for.
- Asset protection: The Paraguayan legal system protects property rights for foreigners in principle the same as for locals. Foreigners may buy property, set up companies and hold bank accounts without restrictions. There are no exchange controls – capital can be moved in and out freely. More in our article on asset protection and tax advantages.
- Low cost of living: Rent, food, health and services are significantly cheaper than in Western Europe.
Economic stability
The Paraguayan economy is growing steadily. The country is one of the world's largest soy and beef exporters and benefits from its status as an energy exporter through the Itaipu and Yacyretá dams. Inflation is low by Latin American standards; the currency (Guaraní) is stable. A stable political and economic environment is the basic requirement for any meaningful Plan B – Paraguay meets this requirement in a solid way.
When is the right time?
The most common answer to this question is: as early as possible. Those who wait until a Plan B is urgently needed often have only limited options left. Residency processes take time, property purchases need preparation and building a network on the ground takes time. ParaguayJoker recommends acting early – even when your own situation is still stable. A well-prepared Plan B is like insurance: you hope you never need it, but you are glad to have it.
Your next steps
ParaguayJoker supports you through the entire process: from the first exploratory trip through applying for your residence permit – where we support you and help you obtain the Cedula – to long-term integration. We know the local structures, speak the language of the authorities and ensure that all steps are implemented correctly, efficiently and without unnecessary delay.
Whether you come alone, as a couple or as a family – ParaguayJoker has the right service package for your situation. Find out more about the second residency in Paraguay as a concrete next step and about our services – and start planning your Plan B.
